Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-05-30

BrddSjrcct'S.
Holders of new wool in the West and
South continue to manifest extreme views
of the possibilities of the new clip, and the
country markets as q whole are excited.
Buyers for local mills and spectators are
operating freely. But little has been done
so far by representatives of Eastern houses,
except in Southern California, where some
large purchases have been made. They
have also bought medium woods in Ken
lucky and Missouri. This inactivity,
however, apparently, can not continue
much longer.
Fresh supplies must be had on some
terms. The prevailing opinion Of the pros
poets held By buyers in the distributing
markets is given by the Chicago Wool
Journal, rs follows:
AT all points where new wool is being
sold the tirmness of buyers prevents any
general movement from first hands. For
any wool merchant or other middle man
to pay at the outset the prices asked would
be speculation pure and simple. Whether
the buyer could ever get out Of his pur-
chase without loss would depend OF an adj
vance in the distributing markets"
Something of an advance at the seaboard
Is likely to occur after the arrival Of the
new clip, but in view of the present condi-
ton of the manufacturing industry dealers
fear it will be impossible to secure prices
on par with those now demanded In the
interior Fine woods in the country are
quoted about Pc, and medium woods 5a6c
higher than last year. Freight rates from
San Francisco to New York and Boston by
the Is;hmus of Panama are down to 624c
and pc, respectively, for greasy and scour-
ed wool. The Canadian and Pacific Com
pany makes the same rates, and the figure
via Cape Horn is soc per 100 pounds.
No material change has occurred III the
state of the distributing markets. While
the inquiry for supplies on the part Of man
ut;lcturere is little better than last week,
it has not become pronounced enough to
raise prices. The principal mills are still
LAYING in stock only for nearby wants.
Some of them are virtually buying only
from week to week Nevertheless, the eX-
cited tone in the country makes the sit
ulllOu on Tue StdDOsilu IMAM IL
would be otherwise The inquiry for stock
is, il any thing, more general than last
week.
In the English markets business isquiet,
with steady prices. Spinners there rs well
as here are waiting for new wool before
investing heavily. The trade returns tor
the four months ending April Both, show
an increase of -, 25O, 900 in the value Of
imports OF wool into the United kingdGm,
as compared with the corresponding period
last year. At Glasgow and Bradford the
feeling is hopeful, without special activity.
The strength of the new clip throughout
the West is reflected To some extent in
Boston, where the market is firm ut re-
cent quotations, and the inquiry is lit
tie more general than of late. No extern
sive arrivals OF supplies are reported.
Medium woods receive more attention than
other descriptions, rs they have for some
time past, and scarcity is apparent, so
that values are steady. There Is but lit
tie request tor Ohio aud Pennsylvania
tleeceS OF Michigan woods. COmbing and
delaine are quiet Enough old wool is
still ON hand to ill the gap before the re-
CeipL OF the years product Texas spring
stuff shows an advance, hut in other sell
ing prices there is no change. Current
quotations are ~ follows, in comparison
with last year